The last ShrimpTails northwestern Europe market update reported that stocks were comfortably high in this region and that market prices were unlikely to show any drastic change in the next three to four months but that import and sales volumes were expected to grow in 2018.
This prediction could not have been further from the truth.
Shrimptails sources at importers say that they had been expecting an increase in demand in the months of March, April and May, but that this has not happened. This, combined with the oversupply in the biggest tropical shrimp regions, has led to prices dropping to historically low levels and importers’ stocks are now at price levels that no longer match the market price.
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